{"id":579257,"date":"2022-11-02T10:16:29","date_gmt":"2022-11-02T10:16:29","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=579257"},"modified":"2022-11-02T15:59:30","modified_gmt":"2022-11-02T15:59:30","slug":"deribit-wallet-hacked-28-million-btc-eth","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/deribit-wallet-hacked-28-million-btc-eth\/","title":{"rendered":"Deribit Hot Wallet Hacked For $28 Million In Bitcoin And Ether"},"content":{"rendered":"\n<p>Summary:<\/p>\n\n\n\n<ul>\n<li>Crypto exchange Deribit was attacked and the hacker made off with $28 million in digital assets.<\/li>\n\n\n\n<li>The trading platform said the exploiter targeted one of its hot wallets.<\/li>\n\n\n\n<li>Security startup Supremacy said roughly $14 million in Bitcoin and Ether was stolen from the hot wallet.<\/li>\n\n\n\n<li>Deribit paused withdrawals temporarily but noted that user funds are safe in cold storage.<\/li>\n<\/ul>\n\n\n\n<p>Cryptocurrency futures and options exchange Deribit <a href=\"https:\/\/twitter.com\/DeribitExchange\/status\/1587701883778523136?s=20&amp;t=cd0bGWMe_nwzFvkiYLVjnQ\" rel=\"nofollow noopener\">suffered<\/a> a hack resulting in the loss of around $28 million in digital assets. The platform becomes the latest virtual currency service provider targeted by cybercriminals in a rocky year for crypto prices and on-chain security.<\/p>\n\n\n\n<p>Deribit announced that the hacker attacked a hot wallet operated by the platform. Hot wallets are digital wallets constantly connected to the internet and a blockchain network. Crypto exchanges leverage this web3 tool for large virtual currency transactions and to store frequently used keys &#8211; a security mechanism built to protect wallets.<\/p>\n\n\n\n<p>The hacker stole $28 million from the hot wallet late on Tuesday, per a Twitter thread on Wednesday. According to the exchange, 99% of customer funds are safe and held in cold storage wallet. Such wallets have limited access to the internet to reduce the chances of an exploit.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Client assets, Fireblocks or any of the cold storage addresses are not affected. It&#39;s company procedure to keep 99% of our user funds in cold storage to limit the impact of these type of events.<br><br>The hack is isolated &amp; quarantined to our BTC, ETH and USDC hot wallets.<\/p>&mdash; Deribit (@DeribitExchange) <a href=\"https:\/\/twitter.com\/DeribitExchange\/status\/1587701934064078848?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">November 2, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Furthermore, withdrawals were paused and deposits delayed until security checks are complete. The exchange will also offset the loss from its reserves, per details from the update shared with users.&nbsp;<\/p>\n\n\n\n<p>Regarding the digital assets stolen, on-chain security firm Supremacy confirmed that the hacker took about $14 million in Bitcoin (BTC) and Ether (ETH). At press time. EtherScan data <a href=\"https:\/\/etherscan.io\/address\/0xb0606f433496bf66338b8ad6b6d51fc4d84a44cd\" rel=\"nofollow noopener\">showed<\/a> some 9,111 ETH in the hacker&#8217;s wallet.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">1\/ According to <a href=\"https:\/\/twitter.com\/DeribitExchange?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@DeribitExchange<\/a>, their hot wallet was hacked and the total loss was<br>9,080 Ether ($14,169,903) + 691 BTC ($14,141,901) = $28,311,804.<br>We will continue to track this hacker and ask Deribit to contact us so we can try to help recover the losses. <a href=\"https:\/\/t.co\/33072Zk7Iz\" rel=\"nofollow\">pic.twitter.com\/33072Zk7Iz<\/a><\/p>&mdash; Supremacy Inc. (@Supremacy_CA) <a href=\"https:\/\/twitter.com\/Supremacy_CA\/status\/1587711146185789440?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">November 2, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The Deribit team tweeted an update around 04:33 PM UTC on Wednesday. &#8220;Deribit is working towards opening regular on-chain withdrawals later today&#8230;&#8221; said the exchange via a  thread. Today&#8217;s tweet called for patience from the community and a promise to share &#8220;developments and further actions&#8221; as they come. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">As of the moment of re-opening wallets, we will not support deposits on old deposit addresses anymore. All users need to create a new deposit address.<br><br>\ud83d\udc49 Withdrawals via third-party custodians Copper Clearloop and Cobo have just been re-enabled.<\/p>&mdash; Deribit (@DeribitExchange) <a href=\"https:\/\/twitter.com\/DeribitExchange\/status\/1587830168764162048?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">November 2, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2>Deribit Joins 2022 Crypto-Hacked List<\/h2>\n\n\n\n<p>Indeed, cybercriminals seemingly intensified attacks on crypto platforms and protocols in 2022. <\/p>\n\n\n\n<p>Reports from Chainalysis and Slow Mist <a href=\"https:\/\/en.ethereumworldnews.com\/crypto-hacks-drained-1-billion-defi-2022\/\">recorded<\/a> over $2 billion in crypto hacks so far. While decentralized finance (DeFi) accounts for the bulk of crypto hack proceeds, exchanges are not exempt from the pattern.<\/p>\n\n\n\n<p>Exploiters had drained over $70 million from crypto exchanges as of June 2022, per reports. Also, October was reportedly the worst month for crypto attacks and on-chain security exploits.\u00a0<\/p>\n\n\n\n<p><strong><em>Updated at 4:55 PM UTC to include: Exchange update <strong><em>on Twitter<\/em><\/strong> regarding withdrawals<\/em><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deribit said $28 million in Bitcoin and Ether was stolen from its hot wallet late on Tuesday. <\/p>\n","protected":false},"author":55,"featured_media":579262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,26],"tags":[108421,2632,108048,1322,2889],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/579257"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=579257"}],"version-history":[{"count":5,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/579257\/revisions"}],"predecessor-version":[{"id":579281,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/579257\/revisions\/579281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/579262"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=579257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=579257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=579257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}